Bank regulators to roll back postcrisis rules that could unleash billions from the nation’s biggest financial institutions

Bank regulators to roll back postcrisis rules that could unleash billions from the nation’s biggest financial institutions

Federal regulators are set to roll back a postcrisis rule that could free up tens of billions of dollars for major banks, delivering Wall Street one of its biggest wins of the Trump administration.

The Federal Deposit Insurance Corp. plans to complete a final rule reducing the amount of cash that banks must set aside as collateral to cover potential losses on swap trades. The Federal Reserve and Office of the Comptroller of the Currency also plan to sign off on the changes.


Originally published on MarketWatch



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